AAC Blocks and Panels Market Demands Drive Exponentialy at a CAGR of 6.2% by 2031

The aac blocks and panels market was valued at $19 billion in 2021, and is estimated to reach $34.4 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.

The report offers a comprehensive analysis of the global AAC blocks and panels market trends by thoroughly studying different aspects of the market, including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working toward the growth of the market.

The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are profiled in the report along with Porter's five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market. The complete analysis of AAC blocks and panels market forecast and the factors estimated to boost the demand in the upcoming years.

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AAC Blocks and Panels: Lightweight, Eco-Friendly, But With Trade-Offs

Lightweight and Strong: Autoclaved Aerated Concrete (AAC) is a versatile building material available in various sizes and strengths. Compared to traditional red bricks, AAC blocks are incredibly lightweight, about three times lighter. This makes them ideal for projects requiring a balance between strength and weight reduction.

Sustainable and Cost-Effective (Long Term): AAC is composed of common materials like lime, sand, cement, and a raising agent. This, along with its autoclaving process, makes it an environmentally friendly choice. While the upfront cost of AAC blocks might be higher than red bricks, the ease of use and potentially lower mortar requirements can offset this cost in the long run.

Superior Insulation: AAC excels at both thermal and acoustic insulation. This translates to quieter and more energy-efficient buildings, reducing heating and cooling needs.

Market Growth Potential: The construction industry, particularly in China, is a major driver for the AAC block and panel market. The global rise in residential and commercial building projects creates a strong demand for these versatile blocks. Additionally, the increasing focus on green building practices makes AAC's eco-friendly nature even more appealing.

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Impact of Covid-19 on the Global AAC Blocks and Panels Industry

Sales of AAC blocks and panels are directly proportional to the demand from residential, commercial, industrial, and infrastructural construction activities. However, various sectors, such as construction, residential, and manufacturing sectors, were negatively impacted by the COVID-19 pandemic which has affected the production and demand for AAC blocks and panels due to a disrupted supply chain.

Due to COVID-19, AAC blocks and panels producing companies ceased their operations owing to import-export restrictions, lockdown imposed across several countries, shortage of labor; the fear of contracting the novel coronavirus led to sluggish demand in the market.
Social distancing norms, closed borders, and production constraints due to the pandemic across various countries such as China, India, and the U.S. have affected the global market.

Key Findings of the Study:

By product type, the blocks sub-segment emerged as the global leader in 2021 and is further anticipated to be the fastest growing sub-segment during the forecast period. Panels are anticipated to be the second fastest growing sub-segment during the forecast period.

On the basis of end-use, residential construction as a sub-segment emerged as the global leader in 2021 and is predicted to show the fastest growth in the upcoming years.

By region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain its position during the forecast period.

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Challenges to Consider:

Higher Initial Cost: Despite long-term cost benefits, the initial price tag of AAC blocks can be a deterrent for some builders compared to traditional materials.

Limited Awareness: A lack of public awareness regarding the advantages and quality of AAC blocks can hinder market growth.

Players Includes:
The key players profiled in the AAC blocks and panels market analysis report include MASA GmbH, Aercon AAC, AKG Gazbeton, JK Laxmi Cement, Biltech Building Elements, CSR Ltd., Forterra Plc, H+H International A/S, CK Birla Group, and Xella.

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